Denver will reportedly add Robinson using its biannual exception and the deal will include a player option in the second year.

Robinson, 29, an undersized, fearless and explosive guard, averaged 13.1 points and 4.4 assists for the Bulls last season. He enjoyed a strong run in the playoffs, averaging 16.3 points and 4.4 assists in helping lead the Derrick Rose-less Bulls to the Eastern Conference semifinals.

Robinson spent one year with the Bulls as a backcourt fill-in with Rose injured. He appeared in all 82 games last season and shot a career-best 40.5 percent from three-point range.

Grade: B+. One of the better free agents remaining on the market this late in the summer, Robinson will join a Nuggets backcourt that is looking to make do after the departure of Andre Iguodala to the Warriors. Robinson's athleticism would have been an intriguing fit under former Nuggets coach George Karl's high-octane system, but new coach Brian Shaw will look to make the most of a prototypical instant-offense bench scorer, who can shoot his team into or out of games at a moment's notice. Of course, Robinson's lack of size presents challenges on the defensive end.

The price is a nice get for the Nuggets: Robinson receives a modest bump from his veteran's minimum pay last year while Denver adds a solid rotation piece at a relative bargain. The three-time Slam Dunk Contest champion likely entered free agency expecting a more lucrative offer after his postseason performance.